Monthly Archives: July 2021

Litecoin Foundation’s Project Director Makes The Case For LTC’s Network Effect

Old faithful Litecoin turns 10 years old on October 7th. After a decade of activity, it’s still going strong. A faster and lighter Bitcoin fork, LTC’s objective has always been to be the silver to BTC’s gold. And this crazy year of high fees, Litecoin might’ve proved its worth. For many, it became the instrument of choice for sending money around without paying an exorbitant fee. Our sister site, Bitcoinist caught wind of this development and reported: Data compiled by @MASTERBTCLTC… Source link

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Bitcoin Trims Gains as PBOC Steps Up Crypto Crackdown – Yahoo Finance

Reuters CORRECTED-Liability from Florida condo collapse: everyone will ‘blame everybody else’ The collapse of a condominium tower near Miami will set off years of litigation as victims and their families look to find fault among the building’s management as well as engineers, architects and others, according to legal experts. Disaster struck in Surfside, Florida, on June 24 as a major repair project was beginning, although the cause of one of the worst residential construction failures in the… Source link

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Bitcoin vs. Ethereum: Which One Is the Right Investment for You?

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have had a rollercoaster of a year so far. Over the past 12 months, Bitcoin’s price has surged by nearly 300%, and Ethereum is up by more than 900% — and that’s despite the massive downturn they’ve both experienced over the past few weeks. Now that cryptocurrency prices are falling, it can be a smart opportunity to “buy the dip” and invest in Bitcoin or Ethereum while they’re more affordable. But if you… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 6th, 2021

Ethereum Ethereum fell by 5.42% on Monday. Partially reversing a 4.30% gain from Sunday, Ethereum ended the day at $2,197.34. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,324.44 before hitting reverse. Falling short of the first major resistance level at $2,412, Ethereum slid to a late intraday low $2,160.00. Ethereum fell through the first major support level at $2,213 before a briefly revisiting $2,200 levels. At the time of writing, Ethereum was up by 1.30%… Source link

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Ethereum price can gain 40% on Bitcoin, argues analyst as London fork nears

Ether (ETH) could rise by almost 40% against Bitcoin in the coming trading sessions, according to one analyst.  So believes Michaël van de Poppe, an Amsterdam-based market analyst who predicts that the ETH/BTC exchange rate would climb from its current 0.05-0.06 sats range to as high as 0.07 sats soon. The technical chartist based his bullish analogy on the pair’s support level at 0.063 sats. The price floor was instrumental in maintaining ETH/BTC’s bullish bias during the mid-May 2021’s… Source link

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More than $13 billion worth of ether has been staked on ethereum 2.0 as momentum builds behind the network overhaul

Ether is the cryptocurrency of the ethereum network. Photothek/Getty Images Ether holders have “staked” more than $13 billion worth of the cryptocurrency on the ethereum 2.0 network, as excitement builds around the overhaul of the system and the potential growth of the staking industry. Network users have now staked more than 6.1 million ether, up from 5.3 million a month earlier. The total value of the staked ether was around $13.52 billion at Monday’s price, data from Etherscan… Source link

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EY Releases Zero-Knowledge Layer to Tackle Increasing Ethereum Costs – CoinDesk – CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

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Some locals say a Bitcoin mining operation is ruining one of the Finger Lakes. Here’s how.

Summer on Seneca Lake, the largest of the Finger Lakes in upstate New York, is usually a time of boating, fishing, swimming, and winetasting. But for many residents of this bucolic region there’s a new activity this season — protesting a gas-fired power plant they say is polluting the air and heating the lake. “The lake is so warm you feel like you’re in a hot tub,” said Abi Buddington, a resident of Dresden, N.Y., whose home is near the plant. The facility on the shores of Seneca Lake is… Source link

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Bitcoin (BTC) Continues Consolidating Inside Range

Bitcoin (BTC) did not move substantially in either direction last week, failing to assert the direction of the trend. Its failure to break down in the short-term and subsequent bounce could mean that the current movement is not corrective, thus indicating that the low is in. The movement in the next few days will be crucial in determining the future trend. Weekly consolidation During the week of June 28-July 5, BTC did not move significantly in either direction. On the contrary, it ranged… Source link

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Bitcoin and Ethereum – Weekly Technical Analysis – July 5th, 2021

Bitcoin Bitcoin, BTC to USD, rose by 1.53% in the week ending 4th July. Partially reversing a 2.55% loss from the previous week, Bitcoin ended the week at $35,276. After a mixed start to the week, Bitcoin rose to a Tuesday intraweek high $36,600.0 before hitting reverse. Falling short of the first major resistance level at $37,302, Bitcoin slid to a Friday intraweek low $32,700.0. Steering clear of the first major support level at $30,717, Bitcoin moved back through to $35,000 levels to deliver… Source link

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